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I'd be looking to purchase through the Affordable Homes Scheme. Not all the properties are at Elizabeth. They have one that come up in Ingle Farm, Para Hills, and Wynn Vale etc. You just got to keep an eye out for them and put your offer in fast once you see one you like. Medium to long term...

South Australia's economy is heavily reliant on manufacturing and is simply a casualty of the free trade agreements that favour mining and agriculture over manufacturing and that's how it is. Neither mining or agriculture are labour intensive so there is massive job loss. As things are winding...

True but I think the prices will depreciate further in the next few years ahead. I'm saving a bit more money to avoid LMI and purchasing in Salisbury region next.

No doubt but the median is a general value. For every person who made money there is a lot of people that lost it. E.g http://www.realestate.com.au/property-house-sa-elizabeth+north-106820612 Sold for 178k back in 2008. Renovated the kitchen and put in new floorboards and tidied up the...

It'll be the outer Southern and Northern suburbs that feel it the most. I'm not expecting much growth for the next couple of years and wouldn't be surprised if some suburbs actually lose value. E.g Over the past 5 years the median price in Elizabeth has actually fallen. Elizabeth -10%...

http://www.adelaidenow.com.au/news/south-australia/holden-staff-have-been-made-forcefully-redundant/story-fni6uo1m-1227361905401 UP to 90 Holden workers have been let go in what was the manufacturer?s first forced redundancies, after the company failed to attract enough volunteers to fill 270...

Yeah that's what puts me off the Eastern suburbs as well. If I was earning double my current salary and wasn't buying/holding I would consider venturing into it. I'd rather use the East for a PPOR.

It's definitely a good initiative but it will have minimal if any impact on prices imo.

Thanks for the anecdotal evidence. News Limited always comes up with these sensationalised stories. A couple of months ago I read a story claiming bricklaying was the road to riches...

I think the uenmployment is mainly long term and structural (they don't have the skills or experience for jobs in demand). It would be interesting to see the youth unemployment figures because anectodally a lot of young people I know don't have jobs. Yet they are not classifed as unemployed...

http://www.adelaidenow.com.au/news/south-australia/south-australias-unemployment-rate-jumps-to-71-per-cent/story-fni6uo1m-1227342407773 Unemployment is up in Adelaide again. It's still lower than the 7.3% Adelaide had during 2014 but it's not good. Males seem to be getting particularly...

Exactly. It's asking for at least double the market price. As for the news comments it's a $3 million chinese ghetto:rolleyes:

The sad thing is half of those production workers will probably never work again. The whole 're-train in other industries' is clutching at straws as well considering Australia's graduate unemployment rate is at its highest level since the 1992/1993 recession. That's if these workers even have...

ALDINGA BEACH Current Median Value- 325k Median Value 2014- 320k Median Value 2013- 315k Change in Median Price 5 years- 6% Change in Median Price 10 years- 86% Median Asking Rent- $295 CHRISTIES BEACH- Current Median Value- 339k Median Value 2014- 325k Median Value 2013-...

Mitchell Park was even worse back in the day:D Now it's a nice place to live. I think it was on SS that someone even mentioned Kensington being a dodgy place back in the day. Now it's a leafy suburb in the eastern suburbs. Same with Brompton and all that. I prefer the Mitchell Park...

Thanks D.T:D

It would be costing me a lot more than $1000 a year to hold. Council rates and maintenance would be a factor but also remember I'm on a below median income so the tax advantages of negative gearing and depreciation doesn't apply to me as much since I don't have a high income to write it off...

Definitely. Property is about capital growth but income restricts where you can invest and what strategies you can use. Personally I'm on a below median salary income so investing in the eastern suburbs/close to the CBD is out of the question for me. I would be getting a poor yield and my...

If I had the money now I wouldn't be holding out until 2017/2018. Every week is a good buying opportunity. If you do your research there are still heaps of properties in Adelaide's North, which are returning neutral and positive returns. Most people buying up North are buy and hold investors so...

Nice article and stats. Employment in Adelaide is always a concern. I still expect the median house price in Adelaide to increase around 3-4% this year though. Virginia is set for an expansion...